Developing economies are generally characterized by a dual economy, which means that they have:
A)a public sector and a private sector.
B)a market sector and a traditional sector.
C)a manufacturing sector and an agricultural sector.
D)an international sector and a domestic sector.

Question

Quizplus · Accepted Answer

Developing economies often have a dual economy structure, which consists of a modern, market-oriented sector alongside a traditional, subsistence-focused sector. This distinction captures the coexistence of advanced industries or services with traditional agriculture or crafts, rather than the division between public/private, manufacturing/agriculture, or international/domestic sectors.

Developing Economies Are Generally Characterized by a Dual Economy, Which